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Home Buyer Tax Credit Update
Congress is actively considering an expanded home buyer tax credit, and the Senate has approved the following improvements:
1. The tax credit amount increases to $15,000.
2. The tax credit is extended to anyone buying a principal residence.
3. The tax credit will apply to all purchases occuring within a year after the bill is signed into law.
It is a true tax credit; it does not have to be repaid. Please call your Senators and urge support for the expanded home buyer tax credit. To reach your Senators, call 1-866-924-NAHB (6242).
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